China Insurance Regulatory Commission, Fulfilment of WTO Accession Commitments Notice

中国保险监督管理委员会关于履行入世承诺的公告

February 28, 2005 | BY

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Issued: December 11 2004Effective: as of date of issueMain contents: The Notice permits foreign-invested life insurance companies to provide health insurance,…

Clp Reference: 3900/04.12.11 Promulgated: 2004-12-11 Effective: 2004-12-11

Issued: December 11 2004
Effective: as of date of issue

Main contents: The Notice permits foreign-invested life insurance companies to provide health insurance, group insurance and old-age pension/pension insurance businesses; removes the geographical restrictions on establishment of foreign-invested insurance institutions; and stipulates that the ratio of foreign investment shares for the establishment of equity joint insurance brokerages may be up to 51%.

clp reference:3900/04.12.11promulgated:2004-12-11effective:2004-12-11

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